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The Triumph of Financial Capital
Financial capital, once cut loose from its original role as a modest helper of a real economy of production to meet human needs, inevitably becomes speculative capital geared solely to its own self-expansion. In earlier times no one ever dreamed that speculative capital, a phenomenon as old as capitalism itself, could grow to dominate a national economy, let alone the whole world. But it has.
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“Ten crises: The political economy of China’s development,” by Wen Tiejun
Wen’s vision is of a China which would be increasingly self-reliant, delinking from the American dominated global capitalism and developing its own key technologies and productive capacities, while at the same time continuing to engage with other emerging economies which share a desire to be free of Western neo-imperial control.
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Marxism and STS: From Marx and Engels to COVID-19 and COP26
At the recent conference of the Society for the Social Study of Science, I came to the conclusion that the history of Marxism in relation to science and technology studies is an increasingly forgotten story.
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Dossier No. 47: New clothes, old threads: the dangerous right-wing offensive in Latin America
The Western world lives in discontent. Progressive models have failed to maintain the levels of politicisation, mystique, capacity to question, transformative purpose, and possibilities of concrete changes for the masses.
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Sandinistas won a landslide victory not through fraud but because they uplifted Nicaragua’s poor
Do not believe them when they tell you the left is divided. There is no division. The (anti-imperialist) Left is standing with the Sandinista victory in Nicaragua. The rest are either confused or advocating an imperialist political project.
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Marxism, Ecology and the Climate Crisis—John Bellamy Foster
In the week before the COP26 international summit, John Bellamy Foster analyzed the climate emergency and how we can achieve climate justice.
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The Metaphysics of Accounting with Paolo Quattrone
Paolo Quattrone (@PaoloQuattrone) joins Money on the Left to discuss the metaphysics of accounting and the significance of accounting’s repressed history for political economy today. Professor of Accounting, Governance & Society at The University of Manchester, Quattrone insists that, while often seen as a positivist and merely technical skill for recording extant data, accounting in truth represents a rhetorical and quite generative engagement with the “mystery of value.”
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Out of Afghanistan
This long bloody madness has ended.
Can we learn to love peace at last?
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On the road from Detroit to South Africa: Black radical internationalist traditions
Roy Singham reminisces about his work with the late General Gordon Baker, Jr. and the League of Revolutionary Black Workers (LRBW) in Detroit and its connections with South African workers.
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Time to reset Canada-China relations on a path to peace
To date, the Canadian government has acted as a reliable ally in the U.S.’s New Cold War against China. The need for Canada to change course is dire, but prospects are grim. Canada needs to break with this dangerous path and set course for peace and cooperation with China.
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Michael Hudson – ‘Life and Thought’
Professor Hudson talked about his formative years, and his turn to economics from music as he found his mentor Terence McCarthy’s speech about economics beautiful and asethetic.
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Return of the Dialectics of Nature: Marxian Ecology and the Struggle for Freedom as Necessity —A Discussion of the Deutscher Prize 2020
This session is a discussion of the Deutscher Prize Winning Book 2020 ‘The Return of the Dialectics of Nature: Marxian Ecology and the Struggle for Freedom as Necessity’ – John Bellamy Foster
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‘The Return of the Dialectics of Nature’: 2020 Deutscher Prize Lecture by John Bellamy Foster
John Bellamy Foster – Deutscher Memorial Lecture
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Ecuador’s neoliberal government announces state emergency to impose austerity
The declaration of a state of emergency by Guillermo Lasso is more likely about quelling opposition than guaranteeing security for Ecuadorians.
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Abahlali baseMjondolo Responds to ‘We Carry a New World in Our Riots’ by Siddiq Khan
Ours is essentially a tragic age, so we refuse to take it tragically. The cataclysm has happened, we are among the ruins, we start to build up new little habitats, to have new little hopes. It is rather hard work: there is no smooth road into the future: but we go round, or scramble over […]
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Dossier No. 46: Big Tech and the current challenges facing the class struggle
We cannot give ourselves the luxury of being technophobic, of negating the importance of technologies and their potential in the struggle. At the same time, we cannot believe in the idea that technology in itself will result in advances for the organised working class.
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Radical Heterodoxies & Parallel Institutions w/ Mat Forstater
Mat Forstater joins Money on the Left to discuss the origins of Modern Monetary Theory (MMT), the vicissitudes of heterodox economics, and the challenges of building alternative institutions in and beyond the academy. As one of the principal architects of MMT, as well as teacher and advisor to many of the more recognized MMT scholars and advocates today, Forstater is perhaps the best equipped heterodox economist to give us the details on the innovative assumptions and arguments that created the firmament for what we now know as Modern Monetary Theory.
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COP26: why advanced countries must proportionately make by far the biggest cuts in carbon emissions–factual briefing
Fortunately, the scientific data produced by the IPCC makes it possible to calculate the real changes which are required to combat climate change.
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The “border crisis” numbers don’t add up
According to Customs and Border Protection (CBP), fiscal 2021’s final number of migrants apprehended or encountered at the southwestern border was 1,734,686, higher than the 1,643,679 total apprehensions for fiscal 2000.
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Against Enclosure: The Commonwealth Men
How 16th century reformers fought privatization of land and capitalist agriculture.